Commercial Solar Case Study – Carol Stream, IL
Packaging Company Going Green and Saving Money in Year One
Founded in 1975, located in Carol Steam, IL this packaging company is a leader in the flexible packaging industry that provide everything from printing, bagging, rollstocking, lamination and more. After realizing they could get a solar system that would offset 20% of their usage without requiring any loan or capital, they immediately capitalized on our financing program and used the federal and state subsidies to pay for their system. They are now cash flow positive from day 1 after turning on the system. This is because 100% project covered are by incentives through our one of a kind program.
Project Overview
– 114,000 square foot roof
–
– Saving $39,488 a year
–
Incentives Used
– 30% Federal Tax Credit – Through our program they put 30% of taxes that would’ve gone to the IRS, toward paying for the upfront cost of their solar system.
–
– ComEd SmartInverter Rebate
As a follow-up to the May 14th, 2018 “What to Know About the Smart Inverter Rebate” blog post, the Smart Inverter Rebate, or also commonly known as the “DG Rebate” was officially approved by the Illinois Commerce Commission (ICC) this past November and is being offered by both ComEd and Ameren utilities. This rebate is intended to enable solar inverters to increase grid benefits and capacity for distributed energy resources.
The rebate value is set at $250/kW DC, available to non-residential and community solar facilities that have a nameplate rating of no greater than 2 MWs and is subject to a utility’s terms and conditions.
The team at Packaging Personified. Are you a business curious about commercial solar in Illinois? Contact us to request a proposal and calculating your savings. Read about solar incentives in Illinois.
Curious about commercial solar in Illinois? Contact us for a proposal best for your facility.
